South Africa: Non-Self-Propelled Fork-Lift Truck Market 2024

Non-Self-Propelled Fork-Lift Truck Market Size in South Africa

For the third year in a row, the South African non-self-propelled fork-lift truck market recorded growth in sales value, which increased by X% to $X in 2022. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs in 2022 and is likely to continue growth in years to come.

Non-Self-Propelled Fork-Lift Truck Production in South Africa

In value terms, non-self-propelled fork-lift truck production rose to $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep setback. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Non-Self-Propelled Fork-Lift Truck Exports

Exports from South Africa

In 2022, overseas shipments of non-self-propelled fork-lift trucks increased by X% to X units, rising for the second year in a row after three years of decline. Overall, exports, however, saw a deep setback. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-self-propelled fork-lift truck exports rose markedly to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ghana (X units), Namibia (X units) and Botswana (X units) were the main destinations of non-self-propelled fork-lift truck exports from South Africa, together accounting for X% of total exports. Zambia, Mozambique, Angola, Burkina Faso, Zimbabwe, Swaziland, Democratic Republic of the Congo, Tanzania, Mali and Lesotho lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Mali (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mozambique ($X) remains the key foreign market for non-self-propelled fork-lift trucks exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by Namibia ($X), with a X% share of total exports. It was followed by Democratic Republic of the Congo, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Mozambique was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Namibia (X% per year) and Democratic Republic of the Congo (X% per year).

Export Prices by Country

The average non-self-propelled fork-lift truck export price stood at $X per unit in 2022, falling by X% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant increase. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The export price peaked at $X per unit in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to Burkina Faso ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mali (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Self-Propelled Fork-Lift Truck Imports

Imports into South Africa

In 2022, supplies from abroad of non-self-propelled fork-lift trucks increased by X% to X units, rising for the third year in a row after two years of decline. In general, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, non-self-propelled fork-lift truck imports skyrocketed to $X in 2022. Over the period under review, total imports indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2018 indices. The growth pace was the most rapid in 2013 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of non-self-propelled fork-lift truck to South Africa, with a X% share of total imports. Moreover, non-self-propelled fork-lift truck imports from China exceeded the figures recorded by the second-largest supplier, India (X units), eightfold. Italy (X units) ranked third in terms of total imports with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Italy (X% per year).

In value terms, Italy ($X), China ($X) and India ($X) appeared to be the largest non-self-propelled fork-lift truck suppliers to South Africa, together accounting for X% of total imports.

In terms of the main suppliers, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average non-self-propelled fork-lift truck import price amounted to $X per unit, picking up by X% against the previous year. Overall, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-self-propelled fork-lift truck import price decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2020 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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